In this unit, you will learn what you need to do before and after you start managing the park (including what to do if you are buying the park). You’ll also learn how to survive “The Test” some tenants will put you through.

What you do during this time period is vital to creating a low-stress ownership experience.

Even if have owned or managed a park for some time, go through the fundamentals covered in this unit. At the end of the day, we want to make sure you have a great foundation in place so you are setup for success.

Lessons In This Module

  1. Module 2 Introduction
  2. Before You Close Escrow or Take Over
  3. How to Avoid the Top 5 Rookie Management Mistakes
  4. How to Take Over Your New Park
  5. How To Establish New Rules and Leases (and Raise Rents)
  6. How to Pass “The Test” and Clean Up the Park (Dealing with Bad Apples)
  7. Module 2 – Next Steps & Action Items

Bonuses

  1. Bryan’s #1 Tip for Park Managers
  2. On-Site Interview: Maintaining Natural Gas Line Records (& Passing Inspection)

Next Steps

  1. Review the resources below
  2. Go the next lesson when you are ready

Resources You Can Download

You may need to right-click the following links and select Save Link As to download the file to your computer

ResourceDescriptionDownload
Checklist of Pre-Escrow Documentation to CollectUse this as a reference for things you should consider documenting and or collecting prior to the close of escrow on your mobile home park.Download PDF
Letter of Introduction to Tenants from New PM/LLYou can use this letter as a template for your introduction letter to tenants.Download Word Doc
Vision WorksheetUse this workbook to document where the park is now, what you want to create, and how you are going to create it.Download PDF
Checklist for Changing the Rules and LeasesUse this as a helpful checklist of things to consider doing prior to making any changes.Download PDF
Benefits to Tenants WorksheetUse this worksheet when you are going to make any changes. It will help you define the benefits of the changes to the tenants.Download PDF
No Separate Undisclosed Verbal Agreements, Arrangements or ConcessionsYou can use this as a template to get the seller and tenants to agree that they have not side-agreements you are not aware of. This is just a template - have your attorney review it or provide you with a final copy.Download Word Doc